Alphabet buoyed by current support - Analysis - 10-06-2019
2019-06-10 09:58:39 GMT
(Economies.com)
Alphabet's stock rose 2.08% in the last session after the support of 1045.49 held its ground, representing the ratio 76.4% of Fibonacci retracement levels for an ascending wave in the short term, while venting off oversold saturation in the RSI, countered by negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock as long as the support of 1045.49 holds on, retesting the resistance of 1092.38, representing the ratio 61.8% of the same retracement levels.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.2133
|
-0.0040
|
0.3323%
|
|
|
|
|
1.4118
|
-0.0018
|
0.1305%
|
|
|
|
Tadawul
|
10322.68
|
86.96
|
0.85%
|
|
|
|
|
27.360
|
-0.445
|
1.601%
|
|
|
|
|
65.380
|
-0.012
|
0.018%
|
|
|
|
|
68.55
|
0.41
|
0.60%
|
|
|
|
|
1828.490
|
-15.735
|
0.853%
|
|
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